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China's April 2024 USD-denominated trade data: exports +14.1% YoY, imports +25.3%, surplus $84.82B. Growth showed supply chain resilience amid RMB appreciation and Middle East maritime disruptions. Export structure optimized (mechanical/electrical products 63.5% of total), trade partners balanced. AI transformation brings opportunities/challenges (supply chain substitution risk). Trade recovery supports stability, providing space for domestic reforms on institutional openness.
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On May 7, the US International Trade Court ruled the legal basis for Trump's 10% global import tariff policy invalid. Trump announced the 10% tariff (Feb 20 via 1974 Trade Act Sec122) to replace illegal tariffs; same day, Supreme Court ruled IEEPA didn't authorize large tariffs.
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Starting from May 1st, China fully implements zero tariffs on 53 African countries with diplomatic ties (world's first major economy to do so). It explores the policy's significance for China-Africa friendship, cooperation, African modernization, countering protectionism, plus trade/economic opportunities and international recognition.
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The two-day G7 trade ministers' meeting concluded in Paris on May 6, issuing a joint communiqué. Parties will coordinate to address global trade imbalances and supply chain tensions. US-EU trade disputes involve US tariff threats. France (G7 presidency) prepares for June Evian summit.
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China implements zero tariffs on African countries (20 non-least developed + all least developed with diplomatic ties) from May 1,2026 to April30,2028. It cuts import costs for African products (e.g., apples, brass ingots), benefits enterprises (tariff savings), boosts China-Africa cooperation, and supports Africa's development, with customs facilitating smooth implementation.
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The EU's Industrial Accelerator Act has discriminatory clauses targeting Chinese enterprises, violating WTO principles, reflecting EU's industrial anxiety amid deindustrialization. It uses self-harming protectionist measures; the author urges EU to abandon protectionism for open cooperation.
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On April 30th, US FCC approved restrictive measures. China's Ministry of Commerce opposes it, noting it abandons tech neutrality, generalizes national security, discriminates against Chinese companies, harms China-US trade relations and global industrial chains. China will take measures to safeguard rights if US persists.
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China implements zero tariff for 20 non-least-developed African countries with diplomatic ties from May 1, 2026 (2-year term). As the first major economy to offer unilateral comprehensive zero tariff to all African/least-developed partner countries, this measure boosts China-Africa trade, supports African development, and advances bilateral cooperation amid global protectionism.
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中国发布《促进综合保税区扩容提质若干措施》含24项改革,目标2025年进出口占全国16%,推动开放经济、产业升级及监管效率提升。
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On April 24, China's Ministry of Commerce submitted comments to the EU on the Industrial Accelerator Act, expressing concerns over its restrictive foreign investment requirements, institutional discrimination, and potential WTO rule violations. It suggested deleting discriminatory clauses and warned of countermeasures if the EU ignores the comments.
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On April 22, the US House Foreign Affairs Committee passed multiple export control bills including the MATCH Act. China opposes abusing export controls under national security pretexts, noting the bills would harm the international trade order and global semiconductor supply chain. China will monitor the process, evaluate impacts, and take measures to safeguard Chinese enterprises' legitimate rights.
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The Ministry of Commerce and State Administration for Market Regulation issued the "Action Plan for Standardization of Trade in Services (2026-2030)", specifying overall requirements, work system construction, key area standards, internationalization, foundation consolidation and implementation to enhance service trade standardization for high-quality development.
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On March 28th, at WTO's 14th Ministerial Conference (MC14), 66 members including China issued a declaration on the temporary implementation arrangement of the Electronic Commerce Agreement, the first set of global digital trade rules. It covers background, importance, main content, and China's next steps.
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